- The Ministry of Finance proposes raising Israel’s VAT to 19% from January 2026.
- The increase is driven by a growing deficit due to higher defense spending.
- Key government leaders oppose the VAT hike.
- The Cabinet will review the budget and VAT proposal on December 4.
Source: vatcalc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Israel"
- Israel Doubles VAT-Free Personal Import Limit to $150 to Combat Cost of Living
- Israel Mulls VAT Hike to Fund Defense; Netanyahu, Smotrich Urge Caution Amid Budget Pressure
- Israel Unveils Comprehensive Tax Reform Targeting High-Tech Sector and International Compliance
- Israel Proposes Major Tax Reforms for High-Tech Sector, Including VAT and Capital Gains Exemptions
- How to Verify Israeli VAT Numbers Online: Step-by-Step Guide for Businesses and Individuals
